Pioneer Natural Resources Company (NYSE:PXD)‘s stock had its “buy” rating reaffirmed by analysts at Mizuho in a research note issued on Friday. They presently have a $196.00 price target on the oil and gas development company’s stock. Mizuho’s price objective suggests a potential upside of 30.41% from the stock’s current price.

A number of other research firms have also issued reports on PXD. Williams Capital set a $184.00 target price on shares of Pioneer Natural Resources and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Wells Fargo & Company lowered shares of Pioneer Natural Resources from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $190.00 to $160.00 in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Pioneer Natural Resources from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Cowen and Company set a $210.00 price target on shares of Pioneer Natural Resources and gave the stock a “buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus restated a “buy” rating and set a $268.00 price target on shares of Pioneer Natural Resources in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-one have given a buy rating to the company. Pioneer Natural Resources presently has an average rating of “Buy” and an average price target of $193.62.

Pioneer Natural Resources (NYSE:PXD) traded down $3.68 during trading on Friday, reaching $150.29. 2,121,046 shares of the company’s stock were exchanged, compared to its average volume of 1,844,161. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.84 and a current ratio of 1.69. The stock has a market capitalization of $25.14 billion, a price-to-earnings ratio of 103.36, a price-to-earnings-growth ratio of 11.79 and a beta of 0.96.

Pioneer Natural Resources (NYSE:PXD) last posted its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.18. The firm had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a net margin of 2.17% and a return on equity of 2.34%. Pioneer Natural Resources’s revenue was up 23.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.13 EPS. sell-side analysts expect that Pioneer Natural Resources will post 1.23 EPS for the current year.

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In related news, Director Andrew F. Cates acquired 350 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $135.37 per share, with a total value of $47,379.50. Following the completion of the transaction, the director now owns 14,556 shares of the company’s stock, valued at approximately $1,970,445.72. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director J Kenneth Thompson acquired 750 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were bought at an average cost of $133.40 per share, for a total transaction of $100,050.00. Following the completion of the transaction, the director now directly owns 10,865 shares of the company’s stock, valued at approximately $1,449,391. The disclosure for this purchase can be found here. Insiders have purchased 1,200 shares of company stock worth $161,102 over the last ninety days. 0.89% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Connable Office Inc. grew its position in Pioneer Natural Resources by 31.2% during the third quarter. Connable Office Inc. now owns 16,359 shares of the oil and gas development company’s stock valued at $2,414,000 after purchasing an additional 3,892 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in Pioneer Natural Resources by 23.6% during the third quarter. Global X MANAGEMENT CO LLC now owns 8,853 shares of the oil and gas development company’s stock valued at $1,306,000 after purchasing an additional 1,691 shares in the last quarter. Community Trust & Investment Co. grew its position in Pioneer Natural Resources by 42.0% during the third quarter. Community Trust & Investment Co. now owns 98,207 shares of the oil and gas development company’s stock valued at $14,489,000 after purchasing an additional 29,071 shares in the last quarter. Pax World Management LLC grew its position in Pioneer Natural Resources by 5.3% during the third quarter. Pax World Management LLC now owns 98,614 shares of the oil and gas development company’s stock valued at $14,550,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Bessemer Group Inc. grew its position in Pioneer Natural Resources by 80.2% during the third quarter. Bessemer Group Inc. now owns 66,238 shares of the oil and gas development company’s stock valued at $9,773,000 after purchasing an additional 29,488 shares in the last quarter. 91.82% of the stock is currently owned by hedge funds and other institutional investors.

About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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